In contrast, most economies in Latin America and Africa have had to give priority to addressing their macroeconomic imbalances; this has usually required using these policy instruments in a restrictive, currently pro-cyclical manner, rather than as a means of offsetting the present sluggish conditions.
En cambio, la mayor parte de las economías de América Latina y África han debido dar prioridad a sus desequilibrios macroeconómicos, lo que ha exigido generalmente que utilizaran esos instrumentos normativos de una manera restrictiva, actualmente procíclica, y no como un medio para contrarrestar la morosa situación actual.